Dragonchaya
Long

LONG - THOSE WHO MISSED THE BUS ( investment) Bullish Trend

NSE:RAIN   RAIN INDUSTRIES LT
Rain Industries hit a new high of Rs 374, up 10%, extending its Wednesday’s 6% surge on the BSE , after the company reported robust set of numbers for the September quarter (Q3CY17).

The company reported 94% year on year (y-o-y) growth in net profit at Rs 246 crore in Q3CY187against Rs 127 crore in a year ago quarter. Net revenue grew by 33% at Rs 3,038 crore on y-o-y basis.

Adjusted EBITDA ( earnings before interest, taxes, depreciation and amortization) margins improved to 22.1% in Q3CY17 from 19.8% in Q3CY16 and 17.2% in Q2CY17.

Rain Industries' expansion projects completed over the course of last two years, and improved capacity utilisations are contributing to revenue and EBITDA growth.

Industry fundamentals enabling improved realisations and higher volumes in carbon products, while functional integration across all the three geographies has improved efficiencies and enabled cost reductions, it added.

Rain Industries is engaged in carbon products, chemicals and cement business.

At 09:56 AM; the stock was trading 7% higher at Rs 364 on the BSE , as compared to 0.43% rise in the S&P BSE Sensex . A combined 5.47 million shares changed hands on the counter on the NSE and BSE so far. In past one month, the stock zoomed 94% against 5% rise in the benchmark index.

Source : Business standard
LC hit two days in a row, what you think ? from which level it will bounce? or free fall will continue?
Reply
Dragonchaya rohan.pathak2188
@rohan.pathak2188, LC hit due to rumours of Graphite industry being affected by China. Thats why HEG and Graphite india corrected. however rain industries has sent a letter to be that their exposure is only 5% in Graphite and that too they are not in China.
So thats why it corrected.
330 is good level to hold. I feel it will not correct now . however 330 is major support as of now. Follow me on twitter for more update on it
Reply
Dragonchaya rohan.pathak2188
@rohan.pathak2188, 330 now ... lets see on monday
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Interesting Fundamental excerpts...but would appreciate something more on technicals. What are the targets and time frame etc.?
Thanks.
Reply
Dragonchaya naveen_agrawal
@naveen_agrawal, Thanks , Target and Time frame only two person can tell 1. God and 2. Liar.
However Motilal brokerage house gave target of 492. ( I dont know if they are God or Liar)
Technicals very bullish buying range 366-355 ( it may come or not, I dont know but Charts tell range of 370 may come. If you are investor you can buy , if you are trader with short term outlook, wait for correction.

Reply
rohan.pathak2188 Dragonchaya
@Dragonchaya, well said bro!
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Dragonchaya rohan.pathak2188
@rohan.pathak2188, I m not bro , thanks
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rohan.pathak2188 Dragonchaya
@Dragonchaya, :-) okies
Reply
naveen_agrawal Dragonchaya
@Dragonchaya, Thanks for the reply.
Well- within 3 days of this reply it has touched 400..!
Reply
Dragonchaya naveen_agrawal
@naveen_agrawal, thanks please ask more question/query .....let it go more up
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